Luchando Por El Progreso Group
The participants work in different activities, like selling fruits, clothes, jewelry, fast food, ice cream; others have stores where they sell groceries like sugar, rice, flour, soft drinks, juices, bread, etc.
They are asking for a loan so the can purchase clothes, jewelry, sugar, rice, soft drinks, etc., and others need to get material to create their products like fabric, blenders, etc.
Each participant receives approximately G 900,000 ($190 USD) each.
Translated from Spanish by Christian Jimenez, Kiva Volunteer.
El comité “Luchando por el Progreso” nació con el contacto de unas de las integrantes de otro comité de la misma zona que decidió formar su grupo.
Las clientas trabajan en distintos tipos de actividades, como venta de frutas, ropas, lencerías, comidas rápidas, helados, otras tienen despensas donde venden productos de primera necesidad como azúcar, arroz, harina, gaseosas, jugos, panificados, etc.
Solicitan el crédito para poder adquirir mercaderías como , ropas, lencerías, azúcar, arroz, bebidas, etc., otras necesitan materiales para realizar sus actividades como telas , licuadoras, etc.
Cada integrante lleva aproximadamente G. 900.000 ($ 190) cada una.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid